SUMMARY: Real property owned by the NYC Health and Hospitals Corporation or under its jurisdiction, control or supervision is wholly exempt from taxation, but liable for special assessments.

ELIGIBILITY REQUIREMENTS:

Ownership Requirements: Property must be owned by the NYC Health and Hospitals Corporation or under its jurisdiction, control or supervision.

Property Location Requirements: Property must be located in New York City.

Property Use Requirements: None.

Certification by State or Local Government: None required.

Required Construction Start Date or Other Time Requirement: None.

LOCAL OPTION: No.

LIMITATION ON EXEMPTION:

GeneralMunicipalTaxes

SchoolDistrictTaxes

SpecialAd ValoremLevies

SpecialAssessments

1. Amount

Nolimit

Nolimit

NA

Noexemptionallowed

2. Duration

Nolimit

Nolimit

NA

Noexemptionallowed

3. Taxing Jurisdictiona. City

Ex

NA

NA

Tax

b. School District

NA

Ex

NA

NA

Ex-Exempt Tax-Taxable NA-Not Applicable

PAYMENTS IN LIEU OF TAXES: None required.

CALCULATION OF EXEMPTION:

General Municipal and School District Taxes: 100% of assessed value.

Special Ad Valorem Levies and Special Assessments: No exemption allowed.

CODING OF EXEMPTION ON ASSESSMENT ROLL:

Code

Description of Alternative Codes Possible

13950

Assessment Roll Section(s): Exempt.

NOTE: This code should not be used to identify (1) property owned by New York State and exempt under RPTL §404(1), (2) property owned by a municipality and exempt under any of the subsections of RPTL §406, or (3) property that is exempt under any of the statutes listed under Similar Exemptions below. For coding of such property, see the Exemption Profile for the statute that applies.